New Prime Rate Effective August 1, 2019

Effective August 1, 2019, the new Prime Rate is 5.25%, which means the presumptive rate per Administrative Order 17-02 is now 7.25%.  For cases that are confirmed on or after August 1, 2019 and reference Administrative Order 17-02 for personal property secured claims, the rate to use is decreased from 7.50% to 7.25%.

 

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New Prime Rate Effective August 1, 2019

By General
August 05, 2019 Category: Prime Rate Effective August 1, 2019

Effective August 1, 2019, the new Prime Rate is 5.25%, which means the presumptive rate per Administrative Order 17-02 is now 7.25%. For cases that are confirmed on or after August 1, 2019 and reference Administrative Order 17-02 for personal property secured claims, the rate to use is decreased from 7.50% to 7.25%.

Trustee's Percentage

By General
September 26, 2018 Category: Trustee Percentage

Effective October 1, 2018, the Trustee administrative fee is 5.5%.

National Form Plan to be used in Cleveland beginning December 1, 2017

By General
December 22, 2017 Category: General

The new national form plan will be mandatory in all cases filed on or after December 1, 2017. Relative thereto, new Administrative Orders were posted by the Bankruptcy Court on October 31, 2017 and may be accessed at www.ohnb.uscourts.gov/judges-info/administrative-orders. A form confirmation order is expected to be posted in the near future. General Order No. 17-1, has also been posted by the Bankruptcy Court relative to service of Chapter 13 Plans as of December 1, 2017.

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